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BoE to Hold Rates Despite Data Strength As Brexit Remains Key Obstacle

From orbex.com

BoE To Wait & See The upcoming BoE meeting this week has lost some importance following the bank’s last meeting in August at which the BoE raised rates by a further .25% (rates are now back above 0.5% for the first time in a decade) though signaled that another rate hike is unlikely until after the March 2019 Brexit deadline. Given the discussions held at the last meeting, it seems reasonable to expect the BoE to vote unanimously in favor of keeping rates on hold at this juncture, which is likely the start of a long waiting period until the Brexit deadline passes. The BoE was keen to highlight the uncertainty ... (full story)

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  • Category: Fundamental Analysis